Member Info for Stocktaker01

cracking on. yes pump for HH-1 will need to come off for HH-2z intervention as it was for drilling. good to see work has started.

Yes it exactly that an indictor as to whether the trade was above or below the mid. At least 95% of the time when I sell I'm offered below the mid and when I buy it's above. That why unless the trade is reported late OR it is a large trade that has conceivably being accumulated over several smaller trades, the red/ blue indictor of sell / buy can largely be relied on. IMO

Agree but I do think that where the trades are reported at the time of the trade and the volume is realistically resultant of one trade, we can take blue to be buy and red to be sell most of the time. Therefore I do believe someone accumulating here.

For UJO today? No buys? Well you can count mine for one. Not mis-reported just not reported!

I agree. The additional notes contradict the total held information.

You're right Will. we'd have had to sell most of out what was 20% HH asset just to keep the light on. We'd currently be hanging onto less than 5% if any HH instead of 85%. Wonder what MCAP we'd be at in that scenario.

TBH I find a bit confusing - so do they currently own 4.5% or do they still have a tranche of the first lot meaning they hold 6.4%. Surely the number resultant situation should be the total No. of shares! Timely TR1s would help!

" No TR-1 notification was submitted on behalf of Tellurian Investments LLC at that time" is this allowed?

Anyway if they hold its a good thing.

Tellurian have sold first lot. Forward sold to stay under 3% first time round. Not so this time. Holding for bigger things?

Disagree insidious, I'd say the results were on par with what was expected. people need to manage there own expectations (me included) to align to the information that we have. Fact is the 700/800bopd (oil) from this well if still realistic. It is in the plans to have a water re-injection facility at HH - indicating to me that some level of water was more than expected. Also the fact that the drill was stopped 500m short of what was planned would be consistent with the majority of the water coming from fractures at the toe end of the drill - as reported. That being the case should be fairly easy to isolate. All in time we can expect 1000bopd from the 2 well already drilled - question is how long and at what cost.

Sure they will bear but they’ll be gone long before the oil is. They’ll be plenty buying too when they realise HH and UKOG wider aspirations are not just a pipe dream.

Proof of concept right there. What a twxt

They're here

Here's my take. If you want to get people onside for drilling don't start throwing big numbers about. More oil = more storage/ tanker movements etc. Start small, get a nice safe operation going and increase as required. From the plans it appears the intent is to drill 3 x vertical wells and one portland side track. I'd suggest that 500 bopd from the verticals is optimistic, from the side track probably pessimistic. Average from the 4 - 500bopd - realistic. Depending on data I'd be surprised if the real aim wasn't to side-track into the kimmeridge here.

Adrian reported haze from the gas stack yesterday and there was a crane onsite. Make of that what you will. No word from UKOG but then they've already told us what they are going to do and if they follow normal MO the next time we here from them they'll have some initial flow figures. Given the onsite storage and the short runs I doubt we'll even see a tanker before we get that.

You seem to think that the permission granted expired on 31 Dec 2017. It didn't

everyone getting excited over a £160 UT. look on the bright side we'll be 3% blue in the morning

jumped the gun there ibug. some are on platforms more up to date than yours. regardless close was 0.93

close was 0.93- London stock exchange

It's clear that this more recent document refers to planning for HH3,4,5, and 6 and explicitly states they have consent for HH1, HH2 EWT production and current storage.

anyway the tanks are there ... and if accounts are true they're flowing oil into them. Tells me everything I need to know about the planning status